Carnegie Investment Counsel Trims Stake in Applied Materials

Institutional investor reduces holdings in semiconductor equipment maker by 3.1% in Q4

Apr. 11, 2026 at 8:05am

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Carnegie Investment Counsel decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 3.1% during the fourth quarter, according to the company's latest SEC filing. The fund now owns 194,445 shares of the manufacturing equipment provider's stock, valued at nearly $50 million.

Why it matters

Applied Materials is a key supplier of semiconductor manufacturing equipment, and changes in institutional ownership can signal shifts in market sentiment around the company and the broader semiconductor industry.

The details

Carnegie Investment Counsel sold 6,278 shares of Applied Materials during the fourth quarter. The fund now holds a 0.9% stake in the company, making it the 21st largest position in its investment portfolio. Other hedge funds have also recently modified their holdings of Applied Materials, with some increasing and others decreasing their positions.

  • Carnegie Investment Counsel reported the stake reduction in a 13F filing covering the fourth quarter of 2025.

The players

Carnegie Investment Counsel

An institutional investment management firm that decreased its stake in Applied Materials during the fourth quarter of 2025.

Applied Materials, Inc.

A leading supplier of semiconductor manufacturing equipment, tools, and services.

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The takeaway

This reduction in institutional ownership of Applied Materials shares, while relatively small, could signal some caution among investors about the semiconductor equipment maker's near-term prospects. However, the stock remains a significant holding for Carnegie Investment Counsel, suggesting the firm still sees long-term value in the company.